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Bond annual coupon rate-wonka candy company

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Wonka Candy Company has an issue of $1,000 par value bonds that pay interest quarterly. The issue has 5 years remaining to the maturity date. This firm's bonds are currently selling at par value for $1000. If the bond currently has an 8 percent annual Yield to Maturity, what is the bond's annual coupon rate?

Reference no: EM132689212

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